EU Committee

Cryptocurrency, Blockchain and its Future Role in European Financial Systems

Location: Online Webinar
Access: Everybody
Fee for members: 0
Fee for non-members: 0
With the European Commission looking at the gold standard for blockchain technology, join us at the Chamber on May 4th for a look at the future of blockchain and cryptocurrency within the European Union.

The gold standard for blockchain promotes European ideals within this emerging technology. The gold standard requires blockchain to be energy-efficient, provide data protection, and should respect Europe’s e-identity framework.

The European Commission is also looking at other areas of the blockchain with attempts at building a pan-European public services blockchain, as well as looking at promoting legal certainty in regard to blockchain-based applications.

The Commission, along with the Central Bank, are also looking at ways to integrate cryptocurrency into European Financial Systems. A digital Euro, amongst other measures, have been discussed as a way to incorporate this burgeoning technology into European life.

These technologies are sure to play a major role in business operations in the 2020’s and beyond, acquiring knowledge in this area is vital. We look forward to welcoming you to a panel talk with Pēteris Zilgalvis, The Hon Albert Isola MP, Ondřej Kovařík MEP and Francesca Salierno on the 4th May.

This event is moderated by Elizabeth Crossick, RELX and Chair of Digital Committee.

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Confirmed Pēteris Zilgalvis

Pēteris Zilgalvis

Head of Unit, Digital Innovation and Blockchain, DG CONNECT, European Commission
Pēteris Zilgalvis is the Head of Unit for Digital Innovation and Blockchain in the Digital Single Market Directorate in DG CONNECT and is the Co-Chair of the European Commission FinTech Task Force. He was the Visiting EU Fellow at St. Antony's College, University of Oxford for 2013-14, where was an Associate of the Political Economy of Financial Markets Programme. From 1997 to 2005, he was Deputy Head of the Bioethics Department of the Council of Europe, in its Directorate General of Legal Affairs. In addition, he has held various positions in the Latvian civil service (Ministry of Foreign Affairs, Ministry of Environment). He was Senior Environmental Law Advisor to the World Bank/Russian Federation Environmental Management Project and was Regional Environmental Specialist for the Baltic Countries at the World Bank. He has been a member of the California State Bar since 1991, completed his J.D. at the University of Southern California, his B.A. in Political Science Cum Laude at UCLA, the High Potentials Leadership Program at Harvard Business School. A recent publication of his is “The Need for an Innovation Principle in Regulatory Impact Assessment: The Case of Finance and Innovation in Europe” in Policy & Internet. An upcoming publication is “The Law and Political Economy of Decentralised Digital Ecosystems”.